PNC Infratech Secures 300 MW Solar Power Project with Energy Storage from NHPC
PNC Infratech has been awarded a Letter of Award (LoA) by NHPC Limited for a 300 MW solar power project with a 150MW/600MWh energy storage system. The project, secured through competitive bidding, includes a 25-year operation period and a tariff of Rs. 3.13 per kWh. The Scheduled Commencement of Supply Date is set at 24 months from the effective date of the Power Purchase Agreement.

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PNC Infratech , a prominent infrastructure company, has made a significant stride in the renewable energy sector by securing a major contract from NHPC Limited. The company has been awarded a Letter of Award (LoA) for the development of a 300 MW solar power project, complete with an advanced energy storage system.
Project Details
The project, awarded through a competitive bidding process, involves the following key components:
- A 300 MW Inter State Transmission System (ISTS) connected solar power facility
- An integrated 150MW/600MWh energy storage system
- A competitive tariff of Rs. 3.13 per kWh
- A 25-year operation period following the commencement of supply
Timeline and Execution
According to the company's disclosure to the stock exchanges:
- The Scheduled Commencement of Supply Date (SCSD) is set at 24 months from the effective date of the Power Purchase Agreement (PPA).
- The operation period of the PPA will span 25 years from the SCSD.
Strategic Importance
This project marks a significant milestone for PNC Infratech, showcasing its expanding footprint in the renewable energy sector. The integration of a substantial energy storage system aligns with the growing trend of coupling solar projects with storage solutions to enhance grid stability and power availability.
Market Impact
The award of this project is expected to bolster PNC Infratech's order book and potentially drive long-term revenue growth. It also positions the company as a key player in India's push towards sustainable energy solutions.
Company's Statement
Tapan Jain, Company Secretary & Compliance Officer of PNC Infratech, confirmed the contract award in a statement to the stock exchanges, highlighting the project's significance and its alignment with the company's growth strategy in the renewable energy sector.
This latest development underscores PNC Infratech's commitment to diversifying its portfolio and contributing to India's renewable energy goals.
Historical Stock Returns for PNC Infratech
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
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-0.31% | +0.29% | +1.08% | +15.81% | -32.92% | +119.15% |